Business highlights
DCM33 BIZ-LD AIRTEL-TARIFF-HIKE Bharti Airtel to raise mobile calls, data charges by up to 42 pc from Dec 3 New Delhi: Telecom operator Bharti Airtel on Sunday announced new plans under which call and data charges will be dearer for its pre-paid customers by up to 42 per cent from December 3.
DCM21 BIZ-AXIS BANK-PROVISIONING Axis Bank more than doubles loan provisions for troubled sectors Mumbai: Third largest private sector lender Axis Bank is setting aside more capital, more than twice over the regulatory requirements, for loans in sectors it has identified as "stressed", a senior official has said.
DCM25 BIZ-SAHOO-PERSONAL-INSOLVENCY Personal insolvency beginning of a 'new learning', says Sahoo New Delhi: Personal insolvency framework will be the "beginning of a new learning" and the next big thing in insolvency reforms, IBBI chief M S Sahoo has said. DCM4 BIZ-AUTO-MARUTI-SALES Maruti reports 1.9 pc dip in sales at 1,50,630 units in November New Delhi: The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 1.9 per cent decline in sales at 1,50,630 units in November. DCM17 BIZ-TELECOM-INDIAINC-RELIEF Jio boxed into corner; CII, FICCI join cause to seek relief for telcos New Delhi: Rival industry associations CII and FICCI have closed ranks and written to Finance Minister Nirmala Sitharaman seeking relief for telecom companies that have been ordered by the Supreme Court to pay Rs 1.47 lakh crore in past statutory dues, in an apparent attempt to counter billionaire Mukesh Ambani-run Jio's narrative on the issue.
FES16 BIZ-THALES-INDIA India is about competencies, biz prospects; discovering new opportunities: Thales Paris: Expanding its presence in India, which is an "interesting melting pot" of ideas, Thales Group is discovering new opportunities in the Indian market as it is about competencies as well as business prospects, according to a senior official. RVK